TLC’s T-Boz & Other Celebs Who Blew Their Fortunes

Nicholas Cage

Despite the fact that he is constantly in a dozen movies, Nicolas Cage apparently owes the IRS a bunch of money. His New Orleans homes were put up for auction since his unpaid mortgage debt was around $6 million. His Hollywood and German homes were also supposed to be sold. Cage blamed his former business manager Samuel Levin and sued him for $20 million in damages. Apparently, it was Levin's fault for not paying taxes and investing in risky real estate. [Celeb Foreclosures]

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